Jersey Mike’s IPO illustrates how bad the AI hype has become

Just for kicks, I took a look at Jersey Mike’s IPO documents. Surely a sandwich shop would have no need to mention AI. But lo and behold.

Meta quietly launches vibe-coded gaming app Pocket

Meta has quietly launched Pocket, an experimental AI app that lets users generate and share interactive mini games using text prompts.

Anthropic is discussing a new custom chip with Samsung

The news comes about a week after OpenAI announced its own custom AI chip in a partnership with Broadcom.

OpenAI proposed donating 5% of its equity to a US sovereign wealth fund

OpenAI CEO Sam Altman has reportedly proposed giving 5% of the company’s equity to a U.S. sovereign wealth fund, reviving discussions about letting the public share in the financial gains from the AI boom.

SpaceX has an AI device prototype, and it sure sounds phone-ish

SpaceX reportedly showed investors a “handset-like” AI device before going public. It could be another signal SpaceX wants to expand into wireless.

Ashton Kutcher leaving Sound Ventures to launch new VC firm with Morgan Beller

Sound built its reputation on concentrated, high-conviction bets in category-leading AI labs, while Kutcher’s new fund appears to be chasing the layer underneath those companies — the infrastructure and energy that power them.

Cloudflare’s new policy pushes AI companies to pay for publishers’ content

Cloudflare is giving AI companies until September 15 to separate web crawlers used for search from those used for AI training and agents, or risk being blocked by default on many publisher sites.

The DeepMind trio who built a poker AI are now making money for quant hedge funds

EquiLibre Technologies, a Prague-based AI lab founded by three ex-DeepMind researchers, is now valued at more than $500 million.

Anthropic and Gov. Newsom forge deal allowing California government to use Claude at half price

As Anthropic forges a closer relationship with the state of California, the federal government has made an enemy out of the OpenAI rival.

Why Wall Street thinks US memory maker Micron is the next Nvidia

Eager to find more public AI-related companies that may do as well as Nvidia, Wall Street investors think they’ve found a winner with Micron.